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Reddit RDDT Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Gross margin364.8%+0.6pp364.3%+0.7pp363.6%+2.0pp361.6%+2.5pp359.1%+3.5pp
Operating margin60.9%+26.5pp34.4%+67.2pp-32.8%+65.7pp-98.5%+69.9pp-168.4%+73.5pp
Returns
Return on invested capital78.8%+37.8pp41.1%
Efficiency
Asset turnover3.1×+0.2×2.9×+0.1×2.8×
Liquidity
Current ratio48.4×+0.3×48.2×-1.1×49.2×+0.2×49.1×-0.4×49.5×+0.2×
Leverage
Debt-to-equity0.0×0.0×0.0×0.0×0.1×0.0×
Net debt / EBITDA-15.6×
Per Share
Book value per share$55.03+9.3%$50.35-0.3%$50.50+5.4%$47.91+0.9%$47.47-24.2%
Valuation
Market capitalization$138.31B+5.1%$131.56B+12.7%$116.7B+37.6%$84.8B+22.3%$69.33B+28.8%
Price / sales68.4×-2.7×71×-2.3×73.3×+12.7×60.7×+4.9×55.8×+9.2×
Price / book50.3×-0.5×50.8×+1.4×49.4×+10.8×38.5×+5.3×33.2×+6.7×
EV / EBITDA585.2×

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Questions, answered.

What are Reddit's profit margins?
Reddit (RDDT) runs a 91.4% gross margin and a 25.1% operating margin, with a 28.6% net margin.
Where do Reddit's ratios come from?
Every ratio is computed from Reddit's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.